Although Weatherproof president Freddie Stollmack told Robin Givhan on Friday that he hadn't spoken to anyone from the White House about the billboard his company erected of Barack Obama wearing one of its jackets in China because it was "a phone tag situation," today Stollmack says he plans to take the Times Square sign down. The company will experience a "sizable loss" for switching the billboard image. Perhaps consolation will come from the endless media coverage, and the fact that that jacket is now a best-seller. [WWD]

Alex Watson, the younger brother of Emma Watson who appears in the new Burberry campaign with his sister, is rumored to be walking the runway for the brand at London fashion week next month. [Fashionista]

Lady Gaga is reported to be considering Lara Stone for the video for "Alejandro." This needs to happen. [Elle UK]

Naomi Campbell was supposedly set to host a season of Britain's Next Top Model, but pulled out at the last minute because a disagreement over the time commitment. (Somehow we don't imagine the reason was concern for stepping on Tyra's toes.) [Daily Mail]

Troubled luxury house Versace is trying to return to profitability in 2010. The brand laid off 25% of its global workforce last year, and now its in-house American press office is rumored to be on the block. [WWD]

Cult Australian denim label Ksubi has also been having a tough time in the recession. Yesterday, Ksubi was placed in voluntary administration, apparently on the orders of its largest creditor bank. "It is business as usual for Ksubi," says one of the administrators. [News.com.au]

Nanette Lepore, impressed with Senator Kirsten Gillibrand's commitment to the Garment District, has designed a t-shirt for Gillibrand's campaign. (Gillibrand was appointed to Hilary Clinton's vacated Senate seat when Clinton became the Secretary of State, and faces a special election this fall to retain her position.) Lepore will go with Gillibrand, and fellow designers Yeohlee Teng and Stan Herman, to Washington, D.C., on January 20 to show legislators the HBO documentary Schmatta. [WWD]

If someone wanted to destroy the garment industry in New York wholesale, they could do worse than attacking the epic clusterfuck of bigwigs taking place tonight at the Herald Square Macy's. Everyone from Saks' Fifth Avenue's chairman and C.E.O., to Diane von Fusternberg, to Anna Wintour herself will be gathered to meet with Mike Bloomberg and officials from City Hall to talk about the future of the industry. Ideas under consideration reportedly include making Wintour's baby, Fashion's Night Out, a sales tax holiday, to the admittedly more minor-sounding "street vendors and quality-of-life issues." [WWD]

Although she just gave birth a month ago, Gisele is already back in the modeling saddle, shooting the (Southern Hemisphere) winter campaign for Brazilian brand Coccli. However, a "source who knows her" tells People that the supermodel might take a break from the business. "With the exception of her few contracts, she's definitely taking a break [into] the New Year. It wouldn't surprise me if she gives up most of the business. Why not? She has tons of money and a rich, gorgeous husband she adores and she wants a large family and more children." [People]

Lars Nilsson's first job in fashion was an apprenticeship to the tailor of Sweden's royal court. [NYTimes]

We couldn't even read this stupid newspaper story about Lindsay Lohan's apparent copying of designers Jen Kao and leggings brand Black Milk because the photo beside it a) misidentifies the leggings depicted as Lohan's design, when they are in fact Black Milk's, b) is of the wrong pair of leggings, anyway (the disputed work is Black Milk's "Spartan Nude," which looks a lot like Lohan's "Diamond" leggings; these are the "Spidermans") and c) that story was news like a week ago. Encountering "reporting" like this on a Monday morning makes us think newspapers deserve to die. [Independent]

Yves Saint Laurent and Pierre Bergé's clifftop Tangier holiday home is on the market for a reported $17 million. [WWD]

Television shopping's long crawl up from polyester disrepute continues with QVC's announcement of several new collections, and a fashion show at Bryant Park in February. Pamela Rolland, Thuy, and Christian Francis Roth each has a QVC collection that will launch in the runway show, which will be broadcast live, so that people can shop from it. Because why not translate that live, brand-new fashion show buzz into sales? We look forward to seeing how this model evolves. [The Cut]

Crocs has started up work anew on its long-planned SoHo store. It looks like it'll be hideous. [Racked]